Q4 margins low due to wage increase provisions: BHEL

BHEL has announced its FY08 results (provisional). The company's FY08 provisional net profit stood at Rs 2,800 crore (Rs 28 billion) versus Rs 2,415 crore (Rs 24.15 billion), reports CNBC-TV18 quoting NW18.
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Apr 09, 2008, 11.47 AM | Source: CNBC-TV18

Q4 margins low due to wage increase provisions: BHEL

BHEL has announced its FY08 results (provisional). The company's FY08 provisional net profit stood at Rs 2,800 crore (Rs 28 billion) versus Rs 2,415 crore (Rs 24.15 billion), reports CNBC-TV18 quoting NW18.

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Q4 margins low due to wage increase provisions: BHEL

BHEL has announced its FY08 results (provisional). The company's FY08 provisional net profit stood at Rs 2,800 crore (Rs 28 billion) versus Rs 2,415 crore (Rs 24.15 billion), reports CNBC-TV18 quoting NW18.

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K Ravi Kumar, Chairman, BHEL
BHEL has announced its FY08 results (provisional). The company's FY08 provisional net profit stood at Rs 2,800 crore (Rs 28 billion) versus Rs 2,415 crore (Rs 24.15 billion), reports CNBC-TV18 quoting NW18.

Its sales were up at Rs 21,608 crore versus Rs 18,739 crore

Its EPS at Rs 57.50 versus Rs 49.30.

K Ravi Kumar , Chairman of BHEL said the Q4 margins were low due to provisioning of wage increases. But he doesn't think additional wage provisioning will be required going ahead. The company expects order inflows of over Rs 40,000 crore in FY09.

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Q4 margins low due to wage increase provisions: BHEL
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